Click here to get this article in PDF
MarketWatch/Isabel Wang/6-23-2022
“‘We have been and remain in a ‘de-risking, defensive and de-rating’ mindset for 2022, as Fed hikes in the current downturn should create collateral damage, leading us to adopt a bearish stance on U.S. Consumer, Financials and Small-caps,’ said Manish Kabra, Societe Generale’s head of U.S. equities, in a Tuesday note. ‘But the committed fight against inflation looks set to trigger a domino effect, with the Housing and Credit markets looking like the next dominos to drop.’”
USAGOLD note: One cannot help but recall that the Fed’s tightening into a slowdown in the late 1920s led to the 1930s Great Depression. We will cautiously add that a Depression is not inevitable under these circumstances. At the same time, the financial earthquake warning from Societe General registers more ominously on the Richter scale than others we have encountered.
The post Today’s top gold news & opinion first appeared on Today’s top gold news and opinion.